this post was submitted on 18 Sep 2026
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This is just another oscillation cycle in the generally declining cost per bit of storage. We recently went through an oversupply price crash: 2023 prices of $40 per TB and less were an aberration due to supply creating a glut beyond what market demand would consume at any price.
Now we're hitting a double spike both from production ramp-down after the 2023 over-supply, coupled with an unanticipated demand spike with LLMs in 2025 and beyond...
How long before we're back down below $40/TB ? If you could predict that, you could make so much money on Wall Street that you woudn't care about the cost of storage anymore.